Are you a small business owner looking for ways to maximize your cash flow and save money? If so, then it’s time to put your hard-earned money to work for you with the best cash back credit cards for small businesses!
In this comprehensive guide, we'll break down the top options available, the rewards and benefits they offer, and how to choose the perfect card for your unique business needs. So, let's dive in and discover how you can make your expenses work in your favor and boost your business growth.
Best Cash Back Credit Cards For Small Business Table of Contents
Why Cash Back Credit Cards for Small Businesses Matter
As a small business owner, you're constantly juggling expenses, and every penny saved counts towards your overall growth. Cash back credit cards reward you for your daily purchases by providing a percentage back on eligible spending, essentially putting money back into your pocket.
The Benefits of Cash Back Credit Cards for Small Businesses
- Earning cash back on everyday business purchases
- Flexible rewards redemption options
- Potential for high cash back earning rates
- Simplified expense tracking for tax purposes
- Additional perks like travel insurance and purchase protection
Top Cash Back Credit Cards for Small Businesses
Choosing the right cash back credit card for your business can be overwhelming, but we've narrowed down the best options to consider based on their rewards, benefits, and fees.
1. The Business Platinum Card from American Express
- Annual fee: $595
- Cash back rate: up to 5% on select categories and 1% on everything else
- Additional benefits: extensive travel benefits, purchase protection, and access to exclusive Amex Offers
2. Chase Ink Business Cash Credit Card
- Annual fee: $0
- Cash back rate: up to 5% on select categories and 1% on all other purchases
- Additional benefits: 0% introductory APR for the first 12 months, purchase protection, and automatic fraud monitoring
3. Capital One Spark Cash for Business
- Annual fee: $95 (waived for the first year)
- Cash back rate: unlimited 2% cash back on all purchases
- Additional benefits: fraud coverage, employee cards at no additional cost, and customizable spending limits
Best Cash Back Credit Cards For Small Business Example:
Imagine you own a web design company and spend a significant amount on digital advertising, office supplies, and software subscriptions. Let’s break down your potential cash back earnings using the Chase Ink Business Cash Credit Card:
- Monthly ad spend: $3,000 = $150 cash back (5% cash back)
- Monthly office supply purchases: $500 = $25 cash back (5% cash back)
- Other purchases: $1,500 = $15 cash back (1% cash back)
With this card, you'd earn a total of $190 cash back each month, or $2,280 annually, which can then be reinvested into your business or saved for future expenses.
As a small business owner, every dollar matters. When you choose the right cash back credit card tailored to your business, you can enjoy substantial savings, rewards, and benefits that will fuel your growth. So, consider the options presented above, and take your business finances to a whole new level of efficiency and success.
If you found this article helpful, don't forget to share it with other small business owners who could benefit from maximizing their cash back rewards. And be sure to explore the countless other finance and investment guides available here at Flik Eco to take your personal and business finances to new heights.
